1398 Curry Rd #YMelroseNM88124
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Melrose at 1398 Curry Rd #Y, Melrose, NM, 88124 earns from $0/mo rent with a $2,932/mo payment. Total monthly income totals $0/mo. ROI tracks -1.35% on current figures, and rental yield reads 0% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in N/A
648 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88124, Melrose, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 576 (100%) |
| Owner Occupied HU | 353 (61.3%) |
| Renter Occupied HU | 97 (16.8%) |
| Vacant Housing Units | 126 (21.9%) |
| Median Home Value | $175,260 |
| Average Home Value | $202,882 |
Housing Distribution
Address Breakdown
Residential
380
Single Family
380
Multi-Family
0
Businesses
22
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Listed by: Lonnie Mitchell • Town & Country Real Estate, Inc.
Mls Name: New Mexico MLS
Mls ID: #20245295